Insurance News

New research from Churchill Car Insurance reveals that nearly 12 million (31 per cent) drivers have parked in spaces where they are not eligible to park, in the last 12 months. The most common prohibited places people park are on double yellow (eight per cent) and single yellow lines (seven per cent).more

Looking for a new way to spread the cost of your home contents and buildings insurance? Pay As You Go home insurance, a new and unique product for Fair Investment Company, could be a useful way to add flexibility and simplicity to your home insurance payments. more

Dogs cost owners £981, finds Sainsbury's Bank

21 December 2004

Owners spend an average of £981 a year on their dog, Sainsbury's Bank has found.

Cats cost less, at £476 a year, but overall Sainsbury's estimates Britons spend £11 billion a year on their pets.

However, pet owners spend four times as much on treats and presents for their cats and dogs than they do on insurance for them.

“Around £1.24 billion is spent on vet fees every year and some 625,000 pet owners will spend £500 or more a year on this,” said David Pickett, Sainsbury's Bank pet insurance manager.

“Despite this, and the fact that insurance premiums for quality cover can start from just £4 a month for cats and £7 for dogs, only around 12 per cent of pets are insured.

“When buying pet insurance, as well as ensuring that it is competitively priced, you also need to make sure that it offers adequate cover and benefits. We estimate that up to 13,000 pet insurance claims are turned down every year, often because some policies offer inadequate cover.”